Mortgage coming up for renewal... Don't be too hasty in just signing the form and sending it back to the lender. Over 
60% of mortgage holders do just that, and the usual result is — a higher rate and a mortgage product that might not be best suited to their needs. Let us do all the work for you — we will find you the best possible rate and product to suit your interests. Click here to sign up for our Mortgage Renewal Registry.

You want to renew/switch your mortgage to another lender who will most often give you a better rate. Most lenders now offer "no cost or low cost switches" and it's a smart way to reduce your interest costs. We can take care of all the details for you and help you negotiate with your existing lender or find a new lender who will give you very competitive rates. Get us working for you today. In addition, here's how switching works along with important related information.

What happens legally when you switch?

Most people are unaware of the legal effect of switching lenders. When you renew you are essentially starting the process again — discharging the existing mortgage, taking out a new one, and beginning the whole payment process, albeit at a lower principal amount. As such, you should treat this as just as important a process as the first time you arranged the mortgage. Remember your situation will most likely have changed since then, and you require a different product with different terms attached to suit your situation.

In most Provinces a switch of the current or lower balance requires only a simple assignment of interest in the mortgage to be executed by all parties and registered on title. This assignment also attaches the specific terms that will have legal effect, and replaces those of the transferring institution. So even though the old mortgage is still registered on title, all those old terms and conditions registered by your previous lender will be completely replaced by those of your new lender under the assignment of interest.

The lenders count on 70% of renewers just signing the form and mailing it in — they are not forcing you — but they are preying on human nature to embrace convenience. However, let us do the work for you — the same convenience, at a much lower cost to you and a product and terms that will suit your current situation. The fact is that it is likely another lender will give you what you want at a rate you want — there are no legal implications to you switching. 
 

What type of mortgage should you choose?

Today, more than ever, there are numerous mortgage options available.

Don't be confused

We can help you find the best product for your needs and negotiate you the best rate. They do the research for you, enabling you to avoid the frustration and confusion of having to do it yourself, and explain the available options. 

Mortgage Categories

Fixed-rate: 6 month, 1, 2 & 3 year (open, closed and closed-convertible) 4, 5, 7 & 10 and 25 year closed
Variable-rate: 3 and 5 year (open, closed, closed-convertible and capped)

Take advantage of ours renewal registry! Register now and we will guarantee you the most competitive rate 120 days prior to your renewal. You can register up to 5 years in advance - just fill out the form below.